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David Faber On Goldman CRE Write Downs And REIT Pain

Tyler Durden's picture





 

David Faber discusses Goldman's real estate losses, and draws some conclusions about the upcoming pain for REITs. And yet, thanks to Goldman, which has been instrumental in upgrading and issuing stock for the REITs (and having a massive blow out quarter thanks in large part to its REIT underwriting activity), the sector is doing unprecedentedly well. Surely one has to wonder just what must happen at this point for people to realize what a ticking time bomb Commercial REITs are?

 

By the way, Jonathan, the Zero Hedge brain trust believes it is about time to downgrade your former Conviction Buy CBL soon (this is obviously not a threat or advice, investment or otherwise).

 


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Tue, 07/14/2009 - 12:04 | Link to Comment Gilgamesh
Gilgamesh's picture

Has this gem from Mort Zuckerman been linked yet?

 

The Economy Is Even Worse Than You Think

http://online.wsj.com/article/SB124753066246235811.html

 

CRE Green Shoots all over the place today.  Fully reflected in the stocks, of course.

Tue, 07/14/2009 - 13:21 | Link to Comment Anonymous
Tue, 07/14/2009 - 12:23 | Link to Comment Docinthedark
Docinthedark's picture

OT: Still hoping for a mechanism to track favorite posters.  I tried Marla's link to track users but 'access denied' was all I got.  Would really like that feature.  Thanks if you're listening!

Tue, 07/14/2009 - 12:28 | Link to Comment Undertaker (not verified)
Tue, 07/14/2009 - 12:35 | Link to Comment Anonymous
Tue, 07/14/2009 - 13:35 | Link to Comment Anonymous
Tue, 07/14/2009 - 14:39 | Link to Comment Anonymous
Tue, 07/14/2009 - 21:36 | Link to Comment Gilgamesh
Gilgamesh's picture

Careful with the "Cubs will file for bankruptcy" line.  They are not going BK, they are just using a Chap 11 BK judge to Obama a sale and bypass all of the little 'minor details / frivilous claims / legal creditors.'

Tue, 07/14/2009 - 17:04 | Link to Comment Anonymous
Tue, 07/14/2009 - 19:53 | Link to Comment Anonymous
Tue, 07/14/2009 - 22:17 | Link to Comment Anonymous
Tue, 07/14/2009 - 23:56 | Link to Comment Anonymous
Do NOT follow this link or you will be banned from the site!